Boris Vujčić: We have to bring down inflation because this is good for growth

Maybe we have now got used to extremely low interest rates, but we have to keep in mind that these are not normal interest rates that we had in the past – says Boris Vujčić, the Governor of the Croatian National Bank.

I would say that both the central banks, and any other central bank, have to do anything that is within their possibility to bring down inflation because this is good for growth. Of course, raising interest rates always has some cost in terms of economic growth, but high inflation has even higher costs – says Boris Vujčić.

Transcript of the interview with Boris Vujčić, the Governor of the Croatian National Bank (PDF)